Tesla cuts prices, Meta confirms Llama 3 release, and Apple allows emulators in App Store

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Hello, friends, welcome to the Week in Review (WiR), TechCrunch's regular newsletter that summarizes the past few days in tech.

Google's annual enterprise-focused development conference, Google Cloud Next, has been making headlines — and we got plenty of coverage of the event. But this was not the only event (see: Spectacular eclipse).

Lorenzo wrote about how hackers stole over ~340,000 Social Security numbers from government consulting firm Greylock McKinnon Associates (GMA). It took nine months for GMA to determine the extent of the breach and notify victims; As yet, it is not clear why this is so.

Elsewhere, Sarah had the story on Spotify's personalized AI playlists, which lets users create a playlist based on written prompts.

And Kony reported the death of entrepreneur Mahbod Moghadam, who rose to fame as co-founder of the online music encyclopedia Genius. Moghadam died at the age of 41 due to complications from a recurring brain tumor.

And much more happened. We summarize it all in this edition of WiR – but first, a reminder to sign up to receive the WiR newsletter in your inbox every Saturday.

news

Tesla price decline: Tesla dropped the prices of unsold Model Y SUVs in the US by thousands of dollars in an effort to clear the unprecedented inventory backlog.

Snapchat shuts down its solar system: Snapchat has adjusted a feature in its app that shows how “close” you are to your friends after reports revealed it was raising concerns among teens.

Non-Invasive Anxiety Treatment: Neurovalence, a startup developing technology to deliver non-invasive electrical stimulation of the brain and nervous system, won FDA approval for a 2019 agency rule change aimed at encouraging innovations targeting insomnia and anxiety.

Lama 3: At an event in London, Meta confirmed it is planning an initial release of Llama 3 – the next generation of its AI models used to power chatbots and other apps – within a month.

Emulators in Store: Apple updated its App Store rules to give emulators the option to download titles for retro console games globally.

AT&T Violation: AT&T began notifying US state officials and regulators of a security incident after confirming that millions of customer records posted online last month were authentic.

Grant

Web3 and Beauty: Kiki's World, a beauty brand that uses Web3 for customer co-creation and ownership, has closed a $7 million round led by Andreessen Horowitz.

Analysis

Magnets in keyboard: Frederick writes about an interesting development in mechanical keyboard design: magnetic switches, which can instantly change the actuation point – the point where the switch registers the downstroke during a key press.

WFH, here to stay: Working from home isn't going away – even if some CEOs want it to. Ron writes that most employees want flexibility and work-life balance – who knew?

podcast

But of equity On the startup-focused Wednesday show, the crew explored Multiverse's acquisition of Searchlight, the latest guest round, the Monad Labs transaction, and a new venture capital fund targeting a growth round in Africa.

During this, found Displayed Ben Christensen, founder and CEO of Cambium, a startup that is re-imagining the wood supply chain and reallocating previously wasted materials to use in new construction projects.

bonus round

Microsoft Password Exposed: Security researchers discovered an open and public database hosted on Microsoft's Azure cloud service that was storing internal information related to Microsoft's Bing search engine. Microsoft says that it has resolved this flaw.